saas 2018 cpe Archives

January 13, 2018

Software Revenue Recognition Accounting Update 2018

SAN JOSE

The new Revenue Recognition Standard has finally been issued. The new guidance standardizes how companies should recognize revenue under U.S. GAAP and IFRS. This conference will go through the new guidance and address the latest developments in key areas, significant changes, scope, disclosure and impacts. The agenda is very similar to our more general Revenue Recognition conference but the examples, case studies and practical walk-throughs will be focused on software.

LEARNING OBJECTIVES:

Review the latest changes in key areas
Understand the big picture concepts from an SEC perspective
Begin to assess the effects of the new standard on your company or clients

REGISTRATION INFORMATION:

Cost $995

You can also register by phone, 610 789-3110
or Email questions or to be invoiced to: mtarman@acslive.com

Agenda: DAY 1
8:00	8:45	Continental Breakfast and Registration
8:45	10:45	Revenue Recognition: Past Issues and Emerging Trends Where people are getting stuck within the new model Implementation observations Beware These Hot Spots - Comment Letters Survey results
10:45	11:00	Break
11:00	12:30	Revenue Recognition: Key Areas and Illustrative Examples Collectibility Contract Modifications Identifying Performance Obligations Contingent Revenue Costs to Obtain a Contract Significant Financing Component Performance Obligations Over Time Elimination of VSOE Requirement for Software Transactions
12:30	1:30	Lunch
1:30	2:45	Disclosure Issues Adoption and Post-Adoption Disaggregated Revenue Reconciliation of Contract Balances Qualification of Performance Obligations Disclosure of Significant Assumptions Quantification of Costs to Complete a Contract Examples Next Steps
2:45	2:55	Break
2:55	4:00	Commissions Incremental Cost Capitalization Accelerator Commission Payments Multiple Costs for One Contract Contract Modifications Clawback Provisions Fringe Benefits Amortization Period Common Questions
4:00	4:05	Break
4:05	5:05	Revenue Recognition and Internal Controls ASC 606 Implementation project lifecycle Overview of the new rules from a control perspective Controls to consider External auditor considerations

Agenda: DAY 2
8:45	10:45	ASC 606: Interactive discussion on a series of scenarios Selected practice areas Group will use polling to work through each question Moderators from Connor Group will explain their recommended answers and explanations
10:45	11:00	Break
11:00	12:00	Industry Panel Each of (3) industry panelists will share their experiences in working through 606 and their ongoing problem areas, software, project management etc. Remainder of time will be open Q&A with the group and moderator
12:00	1:00	Lunch
1:00	2:15	Revenue Recognition: Case Studies and Practical Examples Material Right - Renewal Option Sales to Distributor Contract Does Not Meet the Criteria of Apply the New Model Good or Service is Distinct in the Context of the Contract Estimating the Transaction Price Sales-or-usage Based Fees When Does Control Transfer? Recognizing Revenue
2:15	2:25	Break
2:25	3:35	Tax Impact of the New Standard Tax Principle for revenue recognition Examples Other considerations Next steps
3:35	4:30	Implementation Observations Making revenue recognition manageable for those on the front lines Engaging in a dialogue: narrowing the gap between sales and accounting When and how to communicate issues of emerging importance

Conference Series Speakers Include:
Shauna Watson RGP  Global Managing Director
Matt Svetich Effectus Group Director
Sydnie Karras PwC  Director
Denis Kozhevnikov Connor Group  Partner
Michael Dye PwC Director
Jamie Meyers PwC  Director
Adam Cheng KPMG  Director
Adrien Vion KPMG  Manager
Amanda Hurley Grant Thornton  Audit Partner
Jessica Knott Grant Thornton Audit Partner
Caroline Yan Connor Group  Senior Manager
Vibhor Chandra Ernst & Young  Senior Manager
Aleks Zabreyko Connor Group  Partner